PART 10Early payment of periodic compensation
Circumstances where a transferee is entitled to early payment of periodic compensation31
1
The conditions under which, by virtue of paragraph 10 of Schedule 5 to the Act (early payment of compensation), a transferee may become entitled to early payment of lump sum compensation (by virtue of paragraph 9 of Schedule 5 to the Act (commutation of periodic compensation) and regulation 28 or 29) and periodic compensation under paragraph 6 of Schedule 5 to the Act (compensation payable to transferee) are specified in paragraph (2).
2
Those conditions are that —
a
the transferee has given notice to the Board, in accordance with paragraph (3), that they wish to receive periodic compensation or lump sum compensation before attaining pension compensation age; and
b
the transferee has attained the age of 55 on the date on which they would like the periodic compensation or lump sum compensation to be paid.
3
The notice referred to in paragraph (2)(a) must include—
a
the transferee's name, address, date of birth and national insurance number; and
b
the date on which the transferee would like the periodic compensation or lump sum compensation to become payable.